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GBP – How much higher can it go?

The pound rallied significantly last week against all the major pairs, and is up over 5% in September. This raises the question, with so much uncertainty still remaining around Brexit, how much further can this go?

The pound has been everyone’s favourite currency to short for nearly 2 years now, so we may have finally run out of sellers and be ready for a short squeeze. We are currently around 1 year highs, at levels not seen since the day of the Brexit vote which will be a significant psychological barrier but, if broken, opens up significant upside.

Watch the video for my full analysis and where I think this is going. 


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